2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH
36.7%CURRENT US$
Rnk 66 / 195

About

Bulgaria-Indonesia Trade: In 2023, Bulgaria exported $342M to Indonesia. The main products that Bulgaria exported to Indonesia were Wheat ($279M), Medical Instruments ($10.8M), and Explosive Ammunition ($8M). Over the past 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 36.7%, from $71.6M in 2018 to $342M in 2023.

In 2020, Bulgaria exported services to Indonesia worth $2.4M, with Transportation ($800k), Computer and information services ($571k), and Travel ($457k) being the largest in terms of value.

Indonesia-Bulgaria Trade: In 2023, Indonesia exported $382M to Bulgaria. The main products that Indonesia exported to Bulgaria were Copper Ore ($330M), Office Machine Parts ($7.44M), and Margarine ($6.25M). Over the past 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 12.9%,  from $208M in 2018 to $382M in 2023.

In 2023, Indonesia did not export any services to Bulgaria.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $342M to Indonesia. The main products exported from Bulgaria to Indonesia were Wheat ($279M), Medical Instruments ($10.8M), and Explosive Ammunition ($8M). During the last 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 36.7%, from $71.6M in 2018 to $342M in 2023.

In 2018, Indonesia exported $382M to Bulgaria. The main products exported from Indonesia to Bulgaria were Copper Ore ($330M), Office Machine Parts ($7.44M), and Margarine ($6.25M). During the last 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 12.9%, from $208M in 2023 to $382M in 2018.

Exports from Bulgaria (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Indonesia (Flag)

Bulgaria Exports

Indonesia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Indonesia
Top Destination
China$70.7B

This map shows whether countries import more from Bulgaria or Indonesia. Each country is colored based on the difference in imports they receive from Bulgaria and Indonesia or the difference in the growth in imports.

In 2023, countries that imported more from Bulgaria than Indonesia included Romania ($5.63B), Greece ($3.04B), and Germany ($6.84B).

In 2023, countries that imported more from Indonesia than Bulgaria included China ($70.7B), United States ($27.9B), and India ($24B).

Difference in imports from Indonesia (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Indonesia

Flow
Scale

This chart compares trade between Bulgaria and Indonesia by product, considering products traded by both, Bulgaria and Indonesia.

During 2023, Bulgaria had a large net trade with Indonesia in the exports of Vegetable Products ($283M), Instruments ($17.8M), and Chemical Products ($15M).

During 2018, Indonesia had a large net trade with Bulgaria in the exports of Mineral Products ($330M), Machines ($11.4M), and Animal and Vegetable Bi-Products ($8.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Indonesia+$17.2MWheat
Top Product Potential Indonesia Bulgaria+$3.76MVideo Displays

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Indonesia. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Indonesia (Flag) (2023)

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